New Delhi [India], February 16 (ANI): Delhi’s Patiala House Court on Monday rejected the common bail plea of businessman Manoj Gaur, former Chairman and Managing Director (CMD) of Jaypee Infratech Ltd. Gaur has been arrested on November 13, 2025 and cost sheeted by the Enforcement Directorate (ED) in an alleged cash laundering case of greater than Rs 13,000 crores.
This case pertains to the alleged cash laundering of the cash of 25000 house patrons. Gaur is on interim bail granted on the grounds of his mom’s well being.
Additional Sessions Judge (ASJ) Dhirendra Rana rejected the bail plea of Manoj Gaur after listening to the submissions of the counsel for the accused and the Enforcement Directorate (ED).
Senior advocate Siddharth Luthra and Advocate Dr Farrukh Khan have appeared for Manoj Gaur.
ED opposed the bail plea, arguing that it considerations alleged cash laundering of Rs 13,000 crores and that there are 25,000 home-buyer victims.
Patiala House Court on January 24 granted 14 days’ interim bail to Manoj Gaur on the well being situation of outdated age mom; nonetheless, the order was challenged earlier than the High Court.
Counsel for the accused had said that Gaur’s detention, seen within the backdrop of the eight-year-old ED case, documentary allegations, absence of non-public acquire, statutory divestment of management over corporations, and severe medical infirmities, is grossly disproportionate and violative of Articles 14 and 21 of the Constitution of India.
ED had submitted that it’s a money-laundering case involving the funds of Home Buyers. Accused individuals collected Rs 13000 crores however didn’t use it to offer lodging to house patrons.
ED had stated that it arrested Manoj Gaur, former Executive Chairman and Chief Executive Officer of M/s Jaiprakash Associates Ltd. (JAL) and former Chairman and Managing Director of M/s Jaypee Infratech Ltd. (JIL), below Section 19 of the Prevention of Money Laundering Act (PMLA), 2002.
The arrest came about following an in depth investigation and evaluation of proof gathered in the course of the ongoing probe in an ECIR recorded by the ED below PMLA in reference to the Jaypee Group, the company stated in a launch.
It was additionally stated that the ED initiated an investigation in opposition to the Jaypee group on the premise of a number of FIRs registered by the Economic Offences Wings (EOW) of Delhi and Uttar Pradesh Police, primarily based on complaints filed by homebuyers of Jaypee Wishtown and Jaypee Greens tasks, alleging legal conspiracy, dishonest, and legal breach of belief in opposition to the corporate and its promoters.
It is alleged that the funds collected from 1000’s of homebuyers for the development and completion of residential tasks have been diverted for functions aside from development, leaving the homebuyers defrauded and their tasks incomplete, the company added.
ED investigation revealed that out of roughly Rs 14,599 Crore collected by JAL and JIL from homebuyers (as per claims admitted by NCLT), substantial quantities have been diverted for non-construction functions and siphoned off to associated group entities and trusts, together with Jaypee Sewa Sansthan (JSS), M/s Jaypee Healthcare Ltd. (JHL), and M/s Jaypee Sports International Ltd. (JSIL), the ED stated.
The investigation revealed that Manoj Gaur is the Managing Trustee of Jaypee Sewa Sansthan (JSS), which allegedly obtained a part of the diverted funds, the company claimed.
Earlier, on May 23, 2025, the ED had carried out search operations at 15 areas in Delhi, Noida, Ghaziabad, and Mumbai, together with the places of work and premises of M/s Jaiprakash Associates Ltd. and M/s Jaypee Infratech Ltd. During the searches, ED seized a big quantity of monetary and digital data, together with paperwork evidencing the offence of cash laundering and diversion of funds, ED stated.
The company has alleged that the investigation has established the central position of Manoj Gaur within the planning and execution of the fund diversion by means of a posh net of transactions throughout the Jaypee Group and its related entities. (ANI)